Government Agency Relocating D.C. Offices, Taking Less Space
April 25, 2024
400,000-SF Industrial Project Planned for Silver Spring, Md.
April 25, 2024
General News
Equity Residential Files 8-K
October 5, 1999 Equity Residential Properties Trust (NYSE:EQR) has filed Form 8-K with the SEC.
Lend Lease Buys Construction Giant Bovis for $472 Mln
October 5, 1999 SYDNEY – Lend Lease Corp. said it has agreed to buy Bovis Group PLC, a project management and construction firm, for $472 million. The acquisition is another step in the investment manager's move to become a vertically...
Washington Real Estate Files 8-K
October 5, 1999 Washington Real Estate Investment Trust has filed Form 8-K with the SEC.
REITs Form Telecommunications Venture
October 5, 1999 WASHINGTON – Kleiner Perkins Caufield and Byers, a venture capital firm, and eight major real estate companies has formed Broadband Office Inc., a telecommunications company.Broadband Office will start delivering services over the next 45 days. Initially, it...
Lexington Corporate Properties Leases Ohio Warehouse
October 5, 1999 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has leased a 293,000-square-foot distribution facility in Mansfield, Ohio, to The Gerstenslager Co., a unit of Worthington Industries.The lease pays $460,000 during the first year and $673,500 every year...
Southeast Regional Digest
October 5, 1999Portman Management plans another downtown office towerAtlanta Business Chronicle, October 4ATLANTA – Portman Management Co. is marketing space for its yet-to be constructed downtown Atlanta office tower. The new 27- to 30-story complex will be next door to...
Canadian Digest
October 5, 1999 Sears nabs up to 6 downtown Eaton's stores for $30 MlnThe Globe and Mail, October 5TORONTO – A promise to keep the Eaton's name alive and $30 million is all Sears Canada Inc. needed to buy up...
MeriStar, Bass Venture to Buy Silicon Valley Hotel
October 5, 1999 WASHINGTON – An investment partnership formed by Oak Hill Capital Partners LP, MeriStar Hospitality Corp. (NYSE:MHX) and MeriStar Hotels & Resorts Inc. (NYSE:MMH) has agreed to buy the 315-unit Hilton Newark/Fremont Hotel in Newark, Calif. Terms of...
Long Island’s Office Vacancy Rate Continues Decline, Prompts Spec Development
October 5, 1999 The continued economic expansion in the New York region has driven the office vacancy rate on Long Island to 7.1 percent, down from 8.9 percent just three months ago. At the end of 1990, the vacancy rate...
BDO Seidman Links With Space Measurement Firm
October 5, 1999CHICAGO – BDO Seidman LLP has formed a venture with LRX Group LLC, a real estate consulting firm that focuses on space measurement and analysis services.The affiliation allows BDO Seidman to broaden the scope of its corporate real...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
